The article cited AMA's "Global Penetration Testing Market Study" explored CAGR of 24.0%. According to the report, Now a Days People Have Become So Comfortable With the Internet That They Are Willing To Share Their Information with Unknown Individuals and Websites around the World is one of the primary growth factors for the market. Need for Protection from Various Sophisticated Cyber Attacks
is also expected to contribute significantly to the Penetration Testing market. Overall, Government and defense
applications of Penetration Testing, and the growing awareness of them, is what makes this segment of the industry important to its overall growth. The Deployment Mode , such as Cloud, is boosting the Penetration Testing market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.The Organization Size, such as Small and Medium Enterprises (SMES), is boosting the Penetration Testing market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.The Testing Services , such as Network Penetration Testing, is boosting the Penetration Testing market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.
AMAs Analyst on the Global Penetration Testing market identified that the demand is rising in many different parts of the world as "Benefits of Incorporating Security Methods during the Application Development Phase
". Furthermore, some recent industry insights like "Recently, IBM security has opened X-Force Red Labs, a network of four secure testing facilities globally. These testing facilities dedicated to testing security devices and systems including automotive equipment, consumer and industrial IoT technologies, and Automated Teller Machines (ATMs). BM X-Force Red has emerged as the industry's premier security testing team and has experienced tremendous growth. The team has grown its penetration testing client base by over 170 percent in 2017." is constantly making the industry dynamic.
The report provides an in-depth analysis and forecast about the industry covering the following key features: o Industry outlook including current and future market trends, drivers, restraints, and emerging technologies o Analyses the Global Penetration Testing market according to Type, Application, and regions o Analyzes the top 10 players in terms of market reach, business strategy, and business focus o Provides stakeholders insights and key drivers & trends of the market
Market Size Estimation In market engineering method, both top-down and bottom-up approaches have been used, along with various data triangulation process, to predict and validate the market size of the Penetration Testing market and other related sub-markets covered in the study.
o Key & emerging players in the market have been observed through secondary research. o The industrys supply chain and overall market size, in terms of value, have been derived through primary and secondary research processes. o All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.
Data Triangulation The overall market size is calculated using market estimation process, the market was further split into various segments and sub-segments. To complete the overall market engineering and arriving at the exact statistics for all segments and sub-segments, the market breakdown and data triangulation procedures have been utilized, wherever applicable. The data have been triangulated by studying various influencing factors and trends identified from both demand and supply sides of various applications involved in the study. Along with this, the market size has been validated using both top-down and bottom-up approaches.